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likes to talk about the political drivers. the left likes to talk about how taxes have fallen, the culture has become more open to really high ceo compensation than it used to be, decline in the rights of unions, deregulation, and all those things are factors. but i think it is a real mistake to ignore the economic drivers as well. and there are very powerful underlying economic drivers. globalization, the technology revolution, and one reason it is pretty clear that those are key drivers is this is a global phenomenon and i do sometimes think the american discourse tends to be very american so i am quite interchange when i read about a paper that says rising income inequality in the united states is due to this one particular law passed in the 1980s. and how does that account for rising income inequality in canada? or even in france, in germany, in the united kingdom? it is happening all over the world and the emerging market. it is important to face that squarely because if you see it just as a political phenomenon you are going to lose sight of what i think is a big challen
to talk about the political driver. how taxes have fallen comment the culture becomes more open to high ceo compensation. deregulation, but it is a real mistake to ignore the economic drivers. there are very powerful economic drivers that are obvious. globalization, a technology revolution. it is keira -- clear though-- those are key drivers because of the global phenomenon. american discourse tends to be american. would raise a income of inequality with one lot past and that eighties how does that rise in canada? france, germany, united kingdom? it is important to face that squarely. as a political phenomenon the challenge is the benign forces i am a google addict but they are drivers of social and political consequences. i like to look at it from a quote from peter orszag that the big drivers are economic forces particularly in the united states politics to mitigate these economic forces has exacerbated. so to create much more concentration will try to soften the blow. instead it is the excel arab. who are the super rich? what do they think about the rest of us? the way i will lead ch
to live in the right neighbor. and also the tax system -- >> also the tax system is obviously important, and all important for not only the issue of equality, inequality, and opportunity, but also for efficiency and growth. so, for instance, if you have a tax system like ours, where speculators attack at a fraction of a rate of people who work for a living, and if you can keep your money in a bank account in the cayman islands rather than in the united states, you have incentive -- the ruleses not only give lower tax rates to those who can take -- avail themselves to these, but it distorts the economy. you wind up with more speculation, more instability, and the money isn't in the cayman islands because it grows better in the shine there. it's the lack of sunshine that is the reason that people keep their money there. >> just had a conversation with -- someone from the financial industry who was trying to make a defense about things like carried interest, which isn't even invested income but gets taxed as if it was at 15%. there's a lot of effort put in and with uncertain return, and yo
the federal government direct tax dollars to industries was a discussion last night presidential debate and is becoming an ongoing theme in the campaign. the term on which the finance and industries have also been the focus of intense debate, but probably the most contentious example of all is the one on which diana furchtgott-roth of the manhattan to senior fellow and speaker this afternoon focuses and are tightly regulating to disaster, have green jobs policies are damaging america's economy. in fact, she subjects the assumptions and policies which led to such elevated as of now bankrupt seller paid no manufacture as well as the electric car battery manufacturer to a withering analysis, which we at the institute have come to expect from this oxford trained economist who served as chief of staff of the council of economic advisers -- sorry. during the administration of president george w. bush. while the serving direct investments in private firms and cautionary tales for those who tell the government rather than private investors allocate capital. they can't stay in its first year as
with him, sitting next to him, not having dinner, sitting next to al gore is taxing. it is really unpleasant. we asked him what was going on in the white house and he said 1%. i believe it is higher. but if we step back, we often don't know what is going on. that is the dilemma. i want to talk briefly and then answer questions about her new book that i have done, which is just out, called the price of politics. it is about 3.5 years of negotiations between the obama white house and the republicans in congress and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they'r
-founded everyboby but if you have a tax system like ours where spicule is overtaxed for fraction but to keep the money and a big take-out you have incentives, , those rules if people with lower tax breaks but you have more speculation, more instability and the money is the ninth 10 negative cayman end says a recent and the phone keep their money and and from the financial industry someone tried to talk about carried interest but it is still taxed at the 15% but there is a lot of effort put in when uncertainty arrives but i cannot help but say you know, what else helps to solve it? writing books. [laughter] and somehow i don't get the tax break and here we are. [laughter] >> host: just to clarify the question of carried interest, when a hedge fund earns money from their customers they know the fee, that is there and come. they can defer that. to keep it invested then on any gain you pay capital gains but now they have transformed that. [applause] >> conditions of a former head fund manager. [laughter] health care. the phrase used tallyman did to our markets. one of the most why doesn't it wo
. and formulating debt and tax reduction legislation that led to a budget surplus, the touchstone for success in working with the opposing party to fulfil a president legislative agenda. quintin appointed erskine bowles to represent him in negotiations with congress. erskine bowles's great talent was important in reaching the president's legislative agenda so this was followed by the same house of representatives voting to impeach bill clinton. obviously an extreme example of the age-old conflict between congress and the executive branch of government and bill clinton is listed among only seven reelected presidents who were successful. there are lessons to be learned from the clinton's second term that might offer guidance to obama where he reelected. some of the presidents who face hostility through congress, fill a majority of their own party including washington, jefferson, monroe, grand, theodore roosevelt, johnson and george bush. en route jackson was censured by congress controlled by his undemocratic party. it is like he never forgave. franklin roosevelt had a constant battle with sout
feel better. say that to the person next you as well. all joking aside to bear huge tax on the aside they can say very toxic comments and not be held to the same standard. dr. hill you may have see the recent article 15 most over redid route -- white people from columbus, ronald reagan and is shakespeare. the only worse speaking those words than a black person and stepping out of line. stay q4 stepping up four per cent volume a. is a beef and near if it was not so wrong. liberty is meaningless and it is not just a freedom of speech i will leave you with this the most accurate comment about her current book came from "the american spectator", "mugged" is not just a book but a public service. i agree wholeheartedly. and colder is a public service and i would take that over commander -- a community organizer and a day. please join me to welcome ann coulter 55. [cheers and applause] >> i hope this isn't like the chris christie speech. i did briefly a runoff with a biker buy came back. i am who paid by introduction is not longer than my speech because i will try something new. are worked
that we are all publishers to respond a great communicator sugar tax. video because it do to them graham, that the only extra thought i had this i don't have, but a thought that contributes to the world does he talk about and that is what is the role and responsibility in delineation of the writer versus the person previous known as the reader? there is an inferred collaboration and conversation that was never the case before. you wrote it, you thought it or take it from someone else and then you wrote it and found it and ship the product at now with that. and maybe people talk about it. you get what they say. you don't know how many people said it. you don't know where you are wrong and you didn't have to face her critics. i get criticism all day everyday without asking because the nature of the web was that it. that's one person. everybody else loved it obviously. but there's an extra demand when you talk about the publishing industry and responsibility of a racer to promote indian conversation. maybe don't want to do that. maybe he really has said the last thing you want to say. this
in the tax on india. so the british found themselves pooled into the gulf during the 1800's. not to colonize it to maintain order. they did with the relatively small amount of military force. but you are right. up through the early 1870's was one of british hegemonic control over the persian golf. the aftermath of rope or two with the independence of india that the british brigade at -- began their retrenchment with the independence of india, the british lost the rationale for their military presence and their lost the money to pay for their presence there. >>host: did the americans step in because of the vacuum or because they were asked? >> the story of british control shepherding over the golf plays itself out over 20 years. in 1968 the british announced the impending withdrawal in three years the americans initially said in very it explicit terms will not replace the british. the january 1968 announcement came during the same month as the ted offensive and there was no interest anywhere on capitol hill for any additional military commitments in asia. the british began three years of turn
for general tax revenue, president obama is the third president since teddy roosevelt -- we had the infrastructure stimulus package and the latest highway bill, we had a massive infusion of general tax revenue, i have no idea why we are driving people to drive -- i am a person who believes in choice, people should be free to drive if they pay for the bills responsible for their actions but which and brought them to do this. we should be engaging in social engineering that uses federal tax policy to massively subsidize people to move out of urban apartment and by urban homes which subsidizes them to leverage themselves for the housing market, also brought them to build larger homes. i am a homeowner myself but i think having returned home mortgage interest deduction and other things like fannie and freddie to subsidize is crazy.
with general tax revenues, driving people to drive longer distances, above all honor city schools which are such critical ingredient for urban success in such a critical problem which despite enormous hard work by people language, mayor menino, like the city council, are so far from what they should be. and, of course, finally allowing in of buildings so that every young couple that wants to live in the city can actually afford it. i don't want it into something fully. i think the baseline despite the challenges, the track record when work together, we were from one another, it's just tremendous. i had every piece of optimistic belief that cities will continue to power to manage its future and create marvelous things for centuries and now mulling yet to come. thank you. [applause] >> ladies and gentlemen, i think what we just learned in the last few minutes in addition to learning a lot more about how our cities developed is that no one sleeps in his classes at harvard. [laughter] >> and by the way, he will be signing books in the lobby of the auditorium up about once we're done. let me
plural wives, absolutely. there is a case where bob jones university tax exemption -- lost its tax-exempt and because the court argued there was a compelling racism so very civilly they shouldn't collaborate on the oppression of women however a practice which was plural, what was the objection to that? of course it's administratively impossible because it creates just so many layers of families and former families but in fact, in our legal tradition administrative difficulty has to be really, really extreme to be a compelling state interest. in one case that i know of where a case where of native american family refused to have their child given a social security number and they said that was so fundamental in having an organized society. now turned out that she had no reason given anyway so the case was very odd in that respect but anyway that shows you, you have to go very far out on a limb to trump the religious claim. then you asked about reynolds. reynolds is a case in the 18 70's where a polygamist mormon man lost. it was the first case to test the reactor size clause simply
to sleep, the reagan administration and congress gave it a tax break and helped it survive. by the mid 1980s fannie mae was making boat loads of money again. it was profitable it was almost embarrassing. by now the ceo was a savvy fellow named david maxwell from philadelphia. he knew there was a fundamental choice to be made. the right-wing would always push to abolish fannie mae because it was a form of socialism. the left-wing would always be pressuring fannie and fred i freddie to earn the keep by doing more for the poor. and the bigger fannie and freddie got, the more political pressure they would feel. so this government charter, this role in public policy were they worth the bother? should fannie mae cut the cord with a federal government and back truly private company? maxwell order up a study of the question. and the person he hired to do the study was jim johnson. johnson came from a small town of benson, minnesota. i went there. didn't find much. [laughter] from the humble beginnings, he became a big operator in the democratic party. he worked for the presidential campaign of dean
of bills speaks well of this congress, the we are not imposing new regulations, not increasing taxes, and that is one way of looking at it. i think that the way, however, that most people get it attested to by its record low popularity approval rating is that this is a congress that has been defined by dysfunction and gridlock, a congress in which half a loaf has never been better than an and were compromises release seemed to be, you know, of foreign policy, meaning a policy for into the world's great deliberative body. >> do you actually think that the people iran in 2010 and got elected or for that matter the people iran before and have now ascended to positions believe that no is a solution or that they were elected to not do things as opposed to do things? >> well, again, from the class of 2010 and now i refer to the 87 freshmen, the so-called deep party class of the 100th of congress, i think their belief is that they are doing precisely what the people who elected them with some do which was several back all obama initiatives, to cut spending, a lot of them doubt that the debt
control of the house. the tax cut deal, fights over the budget, the debt ceiling, deficit reduction, egypt, libya, and how obama's made the decision and took the actions he to go up but to explain how this is done to set up the 2012 campaign. he had a theory he could make the 2012 race a choice between different approaches to government and everything he did he tried to temper temper -- to other at to a choice. we did not know how things would end up on 2012 but i looked at his governing and elected strategy and it culminated. this is the back story of what happened in the presidential campaign. >> host: david corn. showdown is his most recent book that the national press club >> host: professor, we are here to talk about your book indispensable. i want to say this is a delightful book to read. you deal with very familiar figures. you attack them from some new angles. let's died 10. you have a quote but is attributed to different people also charles de gaulle is most often accredited. what does it mean? >> appropriately it has a dual meaning that people call them sells indispensable and th
it denied the basic rights of survival to native americans for tax malcolm declared quote the right of exterminating or trying to -- where they must starve even the inhabitants of thinly peopled regions would be questioned and immoral the. all of us have good reason to be alarmed at the u.s. population rate since the nation's number have been increasing at such an remarkable pace. with no european rival to contend with, nothing stood in the way at the doubling of u.s. lands in every doubling of the u.s. population except for thousands of indians who continued to live on their native ground. the united states thus provided a perfect object lesson for claims that x. is population fueled territorial aggression. in what i need your any euro american size of virtuous cycle that many native americans and their british allies sophomores a vicious circle, the continent's wide-open grounds supported demographic expansion even as the increasing u.s. population in a bold seizure and settlement of these lands. the resulting dif urchins in british versus american attitude towards american popula
, and they think about it all day every day this only one thing we can do. cut taxes. you know. who knows if they are a confidence man. i don't know. i grew up and was born on the shot -- south side of chicago. i see everything through that. of course they are. >> we have a question. >> reopening a revival with al pacino playing a different role. your great striking players are rather cynical. no great problem there. interestingly, nothing to do with his political message. but as a great artist, to you see yourself evolving in some way you articulate in your politics and culture is going to be incorporated in your? >> i don't think anybody -- any of it is political. a couple of short overtly political plays. but his were just a yummy. i don't think it's the place of the theater to be political. i should even be here tonight. was a critical of capital? i don't know. i was driving a cab at the time. i'm not anymore. if you're writing in the same play and 65 as you were in 1910 the your doing something wrong. >> i saw heather higgins raise her hand. why don't we get a microphone. >> thank yo
of the mastery is both we bring to taxed in the time we take to bring everything we know. that's the proustian principle actually. had we are a everything we can to that word? will we take the time to do that in order to literally go beyond the text? that is to meet the great beauty of the red word. it is not in opposition to the oral word. i also believe that the digital presented word is yet another ntt and i don't think we understand it sufficiently at all. it's the future of the present and we are studying it sufficiently to understand that transition. >> ops question was a little different and i think the better is that we used to think of displays as what you are seeing here, where's the late sensibly. but the kindle change to that end especially peak at the new one with the white is white and the black is pretty black, that is reflect the plate, the same as ink on paper to your perceptible system. put it in the torah, run out of battery in the image is still there. it really behaves like paper. they will be more and more displaced to look like an behaves like paper and have some of thos
in the mid-states and taxed? [applause] >> technically marijuana has never been legalized anywhere in the world yet it's been decriminalized. i'm sort of torn on that issue because i have four children. i don't want them to experiment with the drug convict the same time they realized as an economist that he take the profit motive away from the cartel's come and they eventually will cease to exist. the initial pain would be unbelievable, but it's difficult to say what direction that would go in. but i do think it would in the short-term the pain would be unbearable and that's why politicians are afraid to address the issue. they keep pushing it off until the next election. >> as a law enforcement officer for 30 years, the cartels are a vicious criminal elements and regardless they'll seek to continue their criminal elements connected beyond the street in my view as a law enforcement officer as they break the law, they should go to jail or be punished appropriately, regardless of what the sensei k. so if we want an effect on the cartels, the mexican government and law enforcement in
. [laughter] on his tax return. and then there was another note that said informant agrees to report his income. [laughter] >> my name, my name is toni platte. taking the few pages out of your book and making that your lead article in retrospect maybe wasn't the best choice. [laughter] >> actually, that wasn't -- that's not what happened. >> oh. >> i had two with articles that came out about the same time focusing on ronald reagan being an fbi informant. or, i should say, informer. >> oh, i didn't know that. so thanks for clarifying that. so as somebody who taught at the school of criminology in berkeley in the volatile late '60s and early '70s and who did research and published about the fb, and i whose looked at fbi records for a book that aye done on another -- that i've done on another o academic, i would say that the work you did was thorough, was careful, and there's no question that i think you made an accurate investigation. and i think we have to treat seriously the information that you provided us with. i think or there are many problems with the left reflecting about our histo
and took control of the house and everything that happened after that. the tax cut deal, the big fight over the budget and the debt ceiling and deficit reduction, also what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and why did the actions he took. and a very perilous time politically but also explain how this is all done in a way, set up a 2012 campaign that we
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